ECONOMICAL IMPACT OF EU COHESION POLICY

During the recession of the economy, one of the most important issues is the efficiency of the EU cohesion policy. This article considers the past problems and necessity to mark future actions to be performed. It is evident that EU common cohesion policy is the basis for availability of the Cohesion fund resources in presently recessing economies that also creates certain restrictions in procedures and investment scope for this financial flow. Questions thus are raised as to the ability of the states to absorb available financial resources and anticipated economical effect of these interventions.